Which of the following is considered in the AS/AD model but was not considered in the short-run macro model?
a. The effect of price changes.
b. The effect of interest rate changes.
c. Increases in government spending.
d. Monetary policy.
e. Decreases in government spending.
A
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A) a relationship with a minimum. B) a relationship with a maximum. C) no relationshi
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.
Use the above figure. Refer to the above diagram where curves (a) through (d) are for four different countries. Income is third most unequally distributed in
A) Country A. B) Country B. C) Country C. D) Country D.
Suppose that at the start of this year you got a salary increase of 10 percent from your employer. The prices of the goods and services you typically purchase increase 10 percent during the year. At the end of the year you have experienced on balance:
A. Higher real income and higher nominal income. B. Higher real income but lower nominal income. C. No change in nominal income. D. No change in real income.